The AmeriFlex Group has expanded its advisor network by welcoming a veteran advisor and his four-person team, who have joined from its former broker-dealer partner Osaic.
The move comes as AmeriFlex continues to grow its hybrid RIA platform, which has been operating with Cambridge Investment Research as its BD partner since June.
Based in Livermore, California, Capital Insight Financial Group manages approximately $354 million in client assets, with a specialization in transitional wealth planning, offering tailored financial advice to individual investors, business owners, and clients experiencing significant life changes.
The team is led by Jacob Reid, whose 23 years of experience includes his previous affiliation with Osaic starting in June last year, according to his BrokerCheck record.
The addition of Reid’s team is the latest in a series of recruitment efforts by AmeriFlex, which has been focused on attracting advisors who value independence and flexibility.
“The AmeriFlex Group is an advisor-owned and truly independent firm where like-minded professionals, such as Jacob and his team, can thrive,” Thomas Goodson, chief executive and founder of AmeriFlex, said in a statement announcing the move.
AmeriFlex announced its decision to transition to Cambridge in June, bringing roughly $11.9 billion in client assets over to the Cambridge platform. In the past three months alone, it reports adding several advisor teams representing a combined $634 million in client assets.
Jesse Kurrasch, chief operating officer at AmeriFlex, said the move to Cambridge has enabled the firm to streamline its recruitment process and offer more options to advisors. “Choosing to partner with Cambridge has enabled our team to deliver better options for our advisors and streamline our recruitment process,” Kurrasch said, noting that the firm has already welcomed multiple teams since the transition.
The broader industry context includes heightened competition among independent broker-dealers for RIA assets. Cambridge, which has more than 4,500 registered representatives and financial advisors, has been targeting hybrid and RIA firms to bolster its platform.
Meanwhile, Osaic has also been active in acquiring RIA assets, reflecting the ongoing consolidation and strategic repositioning across the wealth management sector.
AmeriFlex’s recent growth follows a record-breaking year in 2024, when it added $3.4 billion to its assets under administration and supported 53 advisor transitions. Goodson said the firm has seen increased demand for stability during transitions, with programs designed to help advisors at all stages of their careers.
“We have seen a significant increase in demand for stability during transition periods,” Goodson told InvestmentNews in January. “From growing their practice to transitioning out of the business, our innovative programs provide advisors with the solutions they need to reach their goals, regardless of the stage of their career.”
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.
“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson
Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
